Code of Virginia § 38.2-4810. Issuance and delivery of surplus lines policies; prior authority or information required.
144 words·~1 min read·
/va/title-38-2/chapter-48/38-2-4810·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each policy or other written evidence of insurance procured pursuant to this chapter shall be delivered promptly to the named insured shown on the policy's declarations page. No surplus lines broker shall issue or deliver any policy or other written evidence of insurance or represent that insurance will be or has been granted by an eligible nonadmitted insurer unless
(i)he has prior written authority from such insurer for the insurance,
(ii)he has received information from the insurer in the regular course of business that the insurance has been granted, or
(iii)an insurance policy providing the insurance actually has been issued by the insurer and delivered to the named insured shown on the policy's declarations page.
Code 1950, § 38.1-314.10; 1960, c. 503; 1979, c. 513, § 38.1-327.55; 1984, c. 719; 1986, c. 562; 2011, c. 498 ; 2018, c. 205 .